Astera Labs, Inc. reported third-quarter revenue of $584.9 million, up 154% from a year earlier, and forecast as much as $750 million for the quarter ending Dec. 31.
Revenue for the three months ended Sept. 30 was 49% higher than in the preceding quarter, according to the company’s Nov. 3 results announcement. GAAP net income rose to $182.9 million from $91.1 million in the year-earlier period. Diluted earnings per share were 99 cents, compared with 50 cents a year earlier.
Astera credited Scorpio with helping drive growth across its product lines. It said the switch family had become its largest by revenue as production of the 320-lane Scorpio X-Series ramped up.
Astera filed a Form 8-K with the SEC on Nov. 3. The SEC filing index identifies Items 2.02, Results of Operations and Financial Condition, and 9.01, Financial Statements and Exhibits, and lists 13 documents in the submission.
